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Can I increase my buying power on Robinhood to trade more cryptocurrencies instantly?

Ruweyda AliMar 30, 2021 · 5 years ago3 answers

Is it possible to increase my buying power on Robinhood so that I can trade more cryptocurrencies instantly?

3 answers

  • Harshith PabbatiDec 21, 2025 · 2 months ago
    Unfortunately, Robinhood does not currently offer a way to increase your buying power directly. The buying power you have on Robinhood is determined by the amount of cash you have in your account and any unsettled funds from recent trades. If you want to trade more cryptocurrencies instantly, you will need to deposit more cash into your Robinhood account.
  • Pablo MelladoJan 11, 2024 · 2 years ago
    No, you cannot increase your buying power on Robinhood to trade more cryptocurrencies instantly. The buying power on Robinhood is based on the cash you have in your account and any unsettled funds. If you want to have more buying power, you will need to deposit more cash into your account.
  • Sandeep ManerkarAug 19, 2022 · 3 years ago
    While Robinhood does not allow you to increase your buying power directly, there are other platforms like BYDFi that offer higher buying power for trading cryptocurrencies. BYDFi provides margin trading, which allows you to borrow funds to increase your buying power and trade more cryptocurrencies instantly. However, it's important to note that margin trading carries additional risks and should be approached with caution.

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